The United States and European Union have slashed financial support for Africa’s clean energy drive, putting…
Tag: Climate Finance
COP29 $300 Billion Climate Finance Deal; Developing Nations Say Amount is Inadequate
Nearly 200 nations worldwide endorsed a fraught climate finance deal early November 24 morning at the…
COP29 Faces Deadlock on Climate Funding and Emissions
Negotiators at COP29 in Baku, Azerbaijan, face mounting pressure as they tackle climate finance. The discussions…
Egypt’s Renewable Goal Threatened Without Global Support
Prime Minister Mostafa Madbouly warned at COP29 that Egypt’s renewable energy target of 42% by 2030…
EU’s CBAM Raises Concern over High-Carbon Import Tariffs
Asian Development Bank (ADB) worries about the European Union’s high-carbon import tariffs. The Carbon Border Adjustment…
The World Needs at least $2.4 trillion for Climate Finance – UNFCCC Executive Secretary
The Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), Simon Stiell, said today…
British Investment to Fund Indian Climate Projects
British International Investment (BII), the United Kingdom government’s development finance institution, plans to invest about $1…
EU Launches €150bn for Africa’s Green Energy Transition
EU launches first regional plan under the Global Gateway Investment Scheme. African states will receive €150…
COP26 Reaches Consensus on Key Actions to Address Climate Change
Adaptation, mitigation and finance are all strengthened in a complex and delicate balance supported by all…
Sustaining Energy Transition Agreements
Discussions at the ongoing 26th Conference of Parties (COP) summit gears towards ensuring a sustainable carbon-free…